FutureM 2014 - Turning Data into Insights

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FutureM 2014 Turning Data into Insights Speaker: Chris Penn (@cspenn) Vice President, Marketing, SHIFT Communications Join veteran marketer Christopher S. Penn on a journey through your marketing data. From raw data itself, through different models and methods of analysis, to insights that tell you what to do next, you’ll learn strategic and tactical skills to understand the story that your data is trying to tell you – and what the next part of the story should be. See how techniques borrowed from the stock market apply to your web analytics; learn how reverse engineering your sales funnel can guide your social media strategy; and prepare for the future of data-driven marketing.

Transcript of FutureM 2014 - Turning Data into Insights

Turning Data into Insights

# F U T U R E M

Chris Penn @cspennVP, Marketing

SHIFT Communications

From Data to Insight

# F U T U R E M

CHRISTOPHER S. PENN, SHIFT COMMUNICATIONS

@cspenn

#FUTUREM

@shiftcomm

@cspenn

Source:

Dynamic Mosquito

on Flickr

#FUTUREM

@shiftcomm

@cspenn

Source: Domo

#FUTUREM

@shiftcomm

@cspenn

Source:

http://www.dilbert.com/

#FUTUREM

@shiftcomm

@cspenn

Source:

Will Scullin

on Flickr

Teaching from

experience shares

poorly and scales

even less well.

#FUTUREM

@shiftcomm

@cspenn

Source:

Will Scullin

on Flickr

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@shiftcomm

@cspenn

Source:

Will Scullin

on Flickr

The Marketing

DAIS

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@shiftcomm

@cspenn

Format: Compatible

Good Data

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@cspenn

Source:

Will Scullin

on Flickr

3C’s of Good Data:

Clean, compatible,

and chosen well.

#FUTUREM

@shiftcomm

@cspenn

Data

Analysis

Insight

Strategy

Tactics

Execution

Metrics

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@cspenn

Data

Analysis

Insight

Strategy

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What?

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Why?

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@cspennWhat

Next?

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Source:

Tim Saxton

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@cspenn

Source:

Alex Medvick

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@cspenn

Source:

Jared Corin

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@cspenn

Source:

Will Scullin

on Flickr

Analysis in Action

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@shiftcomm

@cspenn

Source:

Will Scullin

on Flickr

3 basic tools of analysis:

visualization, derivatives, and

moving averages.

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@cspenn

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#FUTUREM

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@cspenn( New – Old )

Old

#FUTUREM

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@cspenn(1.317 billion - 1.276 billion)

1.276 billion

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@cspenn

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Source:

Will Scullin

on Flickr

Creating Insights

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Theory

Hypothesis

Observation

Confirmation

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Source:

Will Scullin

on Flickr

Always be ready to answer, “What

are you going to do about it?” to

any analysis you present.

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@cspenn

Source:

Will Scullin

on Flickr

A Strategy is Born

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@cspennPattern

Hypothesis

Theory

Observation

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@cspenn

Insensibly one begins

to twist facts to suit

theories, instead of

theories to suit facts.

It is a capital

mistake to

theorize before one has data.

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@cspenn

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Source:

Will Scullin

on Flickr

Conclusion

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Source:

Will Scullin

on Flickr

If you don’t understand the past and

make changes in present, the future is

out of your control.

#FUTUREM

@shiftcomm

@cspenn

You know my methods.

Apply them.

#FUTUREM

@shiftcomm

@cspenn

Source:

Will Scullin

on Flickr

For slides and the lecture notes:

http://www.shiftcomm.com/futurem

#FUTUREM

@shiftcomm

@cspenn

Source:

Will Scullin

on Flickr

Stay in touch!

www.shiftcomm.com

@shiftcomm

617-779-1800